Vibrant Coimbatore Updates

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Textiles & Apparel

  • Kongu Nadu is among the most industrialized regions in the country. Agriculture and textile industries contribute majorly to the economy of the region. It is one of the major producers of textiles including cotton, apparels and knit wear, and hosieries.
  • Coimbatore is the ‘Manchester of South India’. It ranks 2nd in the production of Cotton Yarns. Cotton is grown in Coimbatore in bulk and this boosted to make it as a "Textile City".
  • Coimbatore exports about 20 % of readymade garments. It employees 35% of work force in Textile industry and accounts for 80% of the textile machinery manufactured in the country. Established in 1910 at Coimbatore, Lakshmi Mills has two units to manufacture 100 percent cotton yarns, blended yarns and yarns produced from special fibres.  Products manufactured include yarns, fabrics and garments.
  • Today, some of the best known global brands in textile machinery and component manufacturing are home – grown enterprises. Coimbatore houses a large number of small, medium and large textile mills.
  • The Coimbatore region is famed for the quality of its cotton and dyed fabric. Today, the region covered / nearby Erode, Coimbatore and Tirupur have the highest concentration of textile activity specializing in spinning, weaving, power looms and knit wear are hailed as the textile hub of the world. 
  • A large produce of the manufacture is exported to different countries. Exports include knitwear, woven apparel and home furnishings. Tirupur is home to some of Asia’s largest garment manufacturing companies, exporting hosiery clothes worth more than ₹ 21,000 Crores.
  • Tamil Nadu is the ‘Yarn Bowl’ of India produces 40 % of total Yarn in India. Tirupur is the biggest Knitting cluster in India - ‘Knitting City’ is a major textile and knit wear hub contributing to 90% of total cotton knit wear exports from India.
  • Tamil Nadu has 50% of India’s Textile Mills. As per the Tamil Nadu New Integrated Textile Policy 2019, the textile industry of Tamil Nadu provides employment to over 31 Lakh people and has more than ₹ 50,000 crore exports with 1/3 of textile business in the country.

 

Light Engineering

  • More than 50,000 engineering units function in and around Coimbatore city. What began as a focused centre for the manufacture of textile motors in the early 1900s has today become a multidisciplinary entity that is capable of catering to voluminous demands in the international market.
  • Tooling Divisions were incepted primarily as captive units for manufacturing houses and have become a major engineering activity in the city today. Today several such companies offer precision tooling services to global industries. The light engineering industry in the Coimbatore region also specializes in offering customized engineering solutions for diverse requirements.
  • Tamil Nadu is among the top markets globally to have large share of renewable power generation.

 

Heavy Engineering

  • Coimbatore has become a prominent leader in heavy engineering product manufacturing. It accounts for USD 307.69 million worth of domestic pumps and also for 75% of the total wet grinders manufactured in India.
  • Coimbatore is also called as the Pump City of Asia and has played a dominant role in the agricultural sector since independence and holds a major portion of the total Indian market share. The first motor to be manufactured in India came from a small engineering shop in Coimbatore. Today, the pump and motor manufacturing sector is among the largest engineering activities in the city. The pump manufacturing industry in Coimbatore. The motor and pump industry supplies over 40% of India’s requirements. 
  • Coimbatore pumps are being exported for over 25 years. The pumps and motors industry in Coimbatore, has won recognition for high quality and performance abroad. Apart from a leading presence in the water pump market, the city’s manufacturing houses also specialize in the manufacture of industrial pumps and valves.
  • Coimbatore – Salem Industrial Corridor also has a presence of manufacturers of Industrial Machinery, General Purpose Machinery, etc.
  • Some of the prominent engineering industries in Coimbatore include L&T, BOSCH, PSG, Sakthi Group, Lakshmi Machine Works (LMW), Premier Instruments & Control Limited (PRICOL), Craftsman Automation Pvt Ltd, ELGI Equipments, Shanthi Gears, Roots Industries, Wind Energy major Suzlon, etc.
  • Tamil Nadu ranks 3rd in India in production of General Purpose and Special Purpose Machinery. Heavy Engineering exports from Tamil Nadu grew at a CAGR of 8% between 2013-14 and 2017-18 and stood at USD 2.49 billion in 2017-18.
  • This sector in Tamil Nadu provides employment to nearly 2,50,000+ people in 3000 units. 

 

Tourism  & Wellness

  • Chennai & Coimbatore are becoming popular for Meetings, Incentives, Conferences & Exhibitions (MICE) tourism.
  • There are also a number of places of tourist interest around Coimbatore, profoundly, attracting tourists not only from Tamil Nadu but also from other states and even from foreign countries. Karamadai Forest Range is one such attraction. Government of Tamil Nadu promotes eco-tourism in this range. The spot is located at an easy destination reachable for people from Coimbatore. Anaimalai Wildlife Sanctuary is about 90 km from Coimbatore and is situated at an altitude of 1,400 meters in the Western Ghats near Pollachi.
  • Tamil Nadu is a highly preferred tourist destination by both domestic & foreign tourists. Tamil Nadu boasts of historical monuments, forts, wildlife & bird sanctuaries, temple towns, numerous places of worship, hill resorts, rich heritage & culture, waterfalls, beaches, breath-taking valleys, mangrove forests, backwaters, music & dance festivals.
  • The state is one of the leading medical tourism & wellness tourism destinations in India.
  • The state is focusing on Clean & Green Destination Campaign in order to attract more & more tourists.

 

Agro Products & Food Processing

  • The rich black soil of the region has contributed to Coimbatore’s flourishing agriculture industry and, it is in fact the successful growth of cotton that served as a foundation for the establishment of its famous textile industry. Paddy , Jowar, Maize, Bengal gram, Green gram , Redgram, Black gram, Green gram, Horse gram, Chilli, Sugarcane, Turmeric, Vegetables, Onion, Coconut, Banana, Mango, Curry Leaves, Areca nut are main crops.
  • Amid the crops, area wise coconut dominated the remaining crops in the Coimbatore district; its area is estimated at 0.85 lakh hectare.
  • Teak, Tea, Coffee, Cardamom, Casuarina, Cashewnut, Eucalyptus, Pepper, Cotton are other major crops. It is 2nd largest in poultry and 3rd in the production of tea and coffee.
  • Tamil Nadu is one of the leading producers of bananas, flowers, tapioca, mango, coconut, groundnut, coffee, tea & sugarcane.
  • Tamil Nadu is the second largest producer of poultry and dairy products in India and the third largest producer of tea and coffee in the country.
  • The state is among the leading producers of horticultural crops and fruits in the country.
  • A sum of Rs 10,550.85 crore (US$ 1.50 billion) has been provided in the Budget estimates 2019-20 for the agriculture sector, which includes Rs 300 crore (US$ 42.92 million) under National Agriculture Development Programme and Rs 87.22 crore (US$ 12.47 million) for National Mission for Sustainable Agriculture.

 

Information Technology

  • Coimbatore is the second largest software producer in Tamil Nadu, next only to Chennai. IT and BPO industry in the city has grown greatly with the launch of TIDEL Park Coimbatore & Wipro Software Development Centre in ELCOT SEZ.
  • It is ranked at 17th among the global outsourcing cities. Companies like Amazon, Altran, Bosch, Cognizant, Ford, Tata Consultancy Services, Wipro, HCL Technologies etc. have a presence in the city.
  • Cognizant has second largest headcount in the country with more than 15000+ employees in the city. And Bosch has the second largest development center in Coimbatore outside Germany with 5500+ employees in the city. Software export stood more than ₹15,000 crores for the financial year 2018-2019, which is second largest in the state after Chennai.
  • Tamil Nadu has emerged as a key destination for IT investments. The state has 22 approved IT Parks. The TIDEL Park in Chennai is spread over 1.28 million sq ft. It is the largest IT facility in India, promoted by TIDCO and ELCOT.
  • Electronics Corporation of Tamil Nadu Limited (ELCOT) has established eight Information Technology Special Economic Zones (ELCOSEZs) in Chennai and seven in Tier-II locations: Coimbatore, Madurai, Trichy, Salem, Tirunelveli and Hosur.
  • The state had 17 operational SEZs for IT as of March 2019. IT & ITeS exports from Tamil Nadu have increased to Rs 1.39 lakh crore (US$ 19.9 billion) in 2018-19, at a growth rate of 10 per cent year-on-year.
  • In September 2018, Information Communication Technology (ICT) Policy, 2018 was announced by the state government for investors especially IT and ITeS companies, start-ups and MSMEs. This policy will provide incentives like administrative incentives, capital subsidies and tax exemptions etc. to the investors.
  • The state government made Tamil Nadu a global SaaS hub. It had plans to attract Rs. 15,000 crore (US$ 2.14 billion) in the IT and ITeS sector in the second Global Investors Meet (GIM) which was held in January 2019.

 

Gems & Jewellery

  • Coimbatore is one of the major gold jewellery manufacturing hubs in India. The city is home to about 3000 jewellery manufacturing companies and to over 40,000 goldsmiths. Several jewellery retail chains are based in Coimbatore or have their manufacturing base in Coimbatore. The city is home to a number of companies manufacturing jewellery making machinery. The city is also a major diamond cutting and polishing centre in South India.
  • Owing to the presence of a large number of jewellery manufacturers and the strong engineering base, the city is home to a number of companies manufacturing jewellery making machinery. The city is also a major diamond cutting centre in South India. The jewellery manufacturers have an active association called Coimbatore Jewellery Manufacturers' Association, and have also jointly established Coimbatore Gem and Jewellery Industries Private Limited (COJEWEL), which is a common facility with niche goldsmith machinery to be used by the members of the association.

 

FMCG and Consumer Goods

  • Coimbatore has a large number of poultry farms and is one of the major producers of chicken eggs and processed meat amounting to nearly 95% of the chicken meat exports from the country. The district is home to almost 50% of the poultry population of Tamil Nadu.
  • Coimbatore has some of the oldest flour mills in India. The large-scale flour mills, which cater to all the southern states, have a combined grinding capacity of more than 50,000 MT per month.
  • The Indian state of Tamil Nadu is one of the most vibrant and happening place in terms of business activities. FMCG Market in Tamil Nadu has huge scopes with the rise in the income of the general people.
  • The state is one of the largest producers of agro-products like tea, coffee, sandalwood, cashew, coconut and spices, rice, which have facilitated the growth of food industry in the state. The state of Tamil Nadu has a number of important cities like Chennai, Coimbatore, Sivakasi, Trichy, Erode, Kodaikanal, Ooty etc, which has made great progress.
  • Industrialization of Tamil Nadu has led to the further development of consumerism in the state. This increased consumerism facilitated growth of the FMCG market in Tamil Nadu. The FMCG industry in Tamil Nadu is shaping up under the umbrella of organized sector and it is distinctly classified into four different segments like Food and Beverage industry, Cleaning, Disinfectants and Home Care, Personal care and Electronics.

 

Building Material, construction & Real Estate

  • Coimbatore is witnessing a lot of construction in terms of new projects, roads and commercial development. According to conservative industry estimates, the number of residential tenements under construction now should be around 3,000 involving an investment of around ₹ 500 crore.
  • The proposed mono rail in Coimbatore will be the growth driver for residential developments in addition to the Tidel Park & IT developments in Saravanampatti. Jones Lang LaSalle (JLL) had pitched Coimbatore as one among the 20 retail destinations worth exploring.
  • Real estate developers and builders confirm that they are seeing at least a 25% growth in business since 2016. The silver lining is hardly restricted to land movement alone, the construction industry too seems to be registering a sizeable momentum in business.
  • The outskirts and suburbs of the city also seem to be faring better than the older parts of the city in terms of residential land registrations. 

 

Education

  • An important factor that makes Coimbatore an ideal destination for educational institutions to flourish is the presence of a number of industries. Coimbatore has a large and a diversified manufacturing sector facilitated by the presence of research institutes and large number of engineering colleges producing about 50,000 engineers.
  • Coimbatore is one of the very important educational cities in South India. Coimbatore is also home for many state owned universities and private universities.
  • Various types of schools are located in Coimbatore they are, Government and Corporation schools, Schools funded by the Government but run by private trusts (Aided schools) and Schools funded and administered by private trusts.
  • Unique feature of the district is the existence of famous “Tamilnadu Agricultural University” established in 1868 as Agricultural School was converted into a full-fledged Tamil Nadu Agricultural University in. This university contributes tremendously for the introduction of new seed varieties for achieving maximum productivity under various food and nonfood crops. It also produces well trained agricultural graduates every year under different fields of agriculture and its oriented courses.

 

Automotive Engineering & Components

  • Coimbatore has emerged as one of the most trusted outsourcing destinations for the auto component industry. Several factors have contributed to this growth, including ready availability of resources and skilled technical talent. Many auto component manufacturing companies are OE partners to multinational brands. Some of the auto component makers in Coimbatore include Robert Bosch GmbH, PRICOL, Craftsman Automation and Roots Industries.
  • The high concentration of readily available resources has facilitated Coimbatore to become the world's leading destination for auto components. Technical Partnerships and strategic alliances with global manufacturers have given the Coimbatore auto component industry more mileage in the international market.
  • Today, auto majors with a growing presence in India source major components ranging from exhaust systems to braking systems, seating, electronic and electrical components, mechanical engine parts, body components and suspensions and radiators among others and sub-assemblies from the city.
  • Tamil Nadu accounts for 1/3rd of India’s Automobiles and parts exports. It is one of the Top 10 automobile hubs in the world. It accounted for 45% of India’s motor vehicles/car exports in 2017-18, and 35% of India’s auto component production in 2017-18. The state is the largest tyre manufacturer in the country.

 

Aerospace & Defense

  • Engineering industries in Coimbatore, a good chunk of them micro, small and medium enterprises (MSMEs), are betting on the opportunities provided by the aerospace sector as it demands high-tech products, according to a senior office bearer of the Coimbatore District Small Industries’ Association (Codicil).
  • It also generates employment and creates good market overview. Coimbatore is being selected for Defense Corridor of Tamil Nadu and State Government is planned to set up Defense & Aero Park at Sulur around 500 acres. And already major MNC's have huge manufacturing plant in the city for Aerospace & Defense products.
  • More than 120 aerospace manufacturing companies have their presence in the Tamil Nadu. More than 700 suppliers to various defense PSUs are operating in the state and around 5000 aerospace engineers graduate every year from Tamil Nadu. Technicians and engineers from here are employed in large number in aerospace companies in India and also across the globe.

 

Services Sector 

  • Coimbatore has a diversified economy, catering to the IT industry through a skilled labor pool and special economic zones (SEZs) that have attracted leading IT companies and technology service providers.
  • Financial services sector has a big growth potential in Coimbatore.
  • The services sector has grown especially rapidly since the late 20th century, and by the early 21st century it had become the largest contributor to Tamil Nadu’s economy. Expansion of the information-technology industry has been a priority of the state’s economic development policies. Tourism also has been an area of emphasis, with ongoing improvements in infrastructure, accommodations, restaurants, and cultural and recreational attractions.
  • Tamil Nadu is one of the 15 states in which services sector accounts for 50% or more of the GSVA (gross state value added) as per the 2018 Economic Survey report presented in the Parliament on Monday. Tamil Nadu is in the 13th place in terms of services sector’s contribution to GSVA.
  • Services sector comprises tourism, real estate, information technology, hospital, diagnostic services and telecommunication.
  • As of March 2019, IT & ITeS exports from Tamil Nadu have increased to Rs 1.39 lakh crore (US$ 19.9 billion) in 2018-19, at a growth rate of 10 per cent year-on-year.
  • Tamil Nadu also has a thriving tourism sector & ranks 1st in India in terms of number of domestic tourist arrivals & 2nd in foreign tourist arrivals in 2017.

 

Startups

  • Coimbatore, India ranks 22 in India and 456 globally, based on the strength of its startup ecosystem.
  • Coimbatore, which has pleasant weather conditions like Bengaluru, is seeing its fair share of startup activity as well. The Coimbatore chapter of The Indus Entrepreneurs (TiE), a non-profit consortium that promotes entrepreneurship, has identified 47 active startups. One of the catalysts is the educational institutions in the region that have helped establish a sound technical ecosystem.
  • There are five incubation centres in and around the city, almost all of them set up by a technical education institution.
  • The State of Tamil Nadu has a strong Startup ecosystem in terms of providing funding support, especially seed funding to Startups.
  • Tamil Nadu Innovation Initiatives (TANII) in the State Planning Commission has been established to promote innovation in Government and its agencies in the State.
  • The Tamil Nadu government has set up a ₹ 250-crore fund for start-ups in 2019-2020.
  • The new start-up policy aims to create around 5,000 startups, including 10 global high-growth startups, and to create a minimum of 1,00,000 high skilled job creation, direct and indirect, in the startup ecosystem by 2023.
  • The state is also planning to set up startup hubs in Chennai, Coimbatore, Salem-Erode, Madurai, Trichy-Thanjavur, Tirunelveli etc.

 

Others

Pharmaceutical Sector:


  • TICEL Bio Park Phase 3 in Coimbatore district is to be developed in Anna University Campus.
    Centre of Excellence for Biotechnology to come up in Coimbatore at the cost of ₹ 430 Crores. It will aim to have a world class infrastructure for research and development.
  • The main aim would be to strengthen biotechnology research and education. This centre will also become a hub for Tamil Nadu Agricultural University (TNAU) to interlink with other academic and research institutes in the state and abroad for international research collaborations.
  • Tamil Nadu is the 5th largest Pharmaceutical Manufacturing State in the Country.
  • The State accounts for over 10% of National Pharma Production.
  • Tamil Nadu is the most active state in ensuring free supply of medicines in government clinics and hospitals.
  • Pharmaceuticals exports from Tamil Nadu stood at USD 422.53 million in 2017-18
  • A Medi Park project is being established by HLL Lifecare Ltd, a Government of India Enterprise and TIDCO.


Renewable Energy:

  • Tamil Nadu Ranks 9th Globally in Net Share of Wind Energy in Total Power Generation.
  • Tamil Nadu is also considered as the Most Cost Effective Region in the World to Manufacture Quality Wind Towers & Frames.
  • Tamil Nadu is the leader in Renewable Energy Sector among all other Indian states with a Total Installed Capacity of 11,113 MW
  • Due to extensive use of Renewable Energy, the state has reduced about 5,406 million tonnes of Carbon Emission (by reducing the use of Hard Coal).
  • Coimbatore is also a major wind energy harnessing area in Tamil Nadu.